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Urjit Patel

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RBI keeps rates unchanged after Monetary policy meeting

Monetary Policy: RBI keeps key rates steady, warns on five levies, fiscal slippage

Unveiling the bi-monthly monetary policy statement in Mumbai, RBI Governor Urjit Patel said “significant and postponed deviations” from fiscal targets would make matters “more challenging” going forward.

Monetary Policy Committee minutes: ‘Inflation higher; several uncertainties persist’

There are several risks to the projected inflation trajectory, says RBI Governor Urjit Patel.

‘Reform and recap’ package to favour prudent banks: RBI Governor Urjit Patel

According to Patel, this is to ensure that the money is utilised to strengthen public sector bank balance sheet and “not to sow the seeds for the next boom and bust cycle” of lending.

Recapitalisation aimed more at reforming state-run banks: RBI Governor Urjit Patel

In October, government had announced a Rs 2.11-trillion capital infusion into the NPA-hit public sector banks over the next two years.

Give accountability a chance

Here is a modest proposal to bring about much-needed accountability to the decisions of the RBI (and MPC): Let the RBI governor be questioned by Parliament twice a year

FSDC panel reviews financial events

The panel reviewed the major global, domestic developments which could impinge on India’s financial stability.

Recapitalisation monumental step, says RBI Gov Urjit Patel, better banks ahead in line for capital

Of the total of 22 PSU banks, as many as eight currently have gross non-performing assets (GNPA) above 15 per cent while 14 banks have GNPA of more than 12 per cent.

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All policy pieces of the jigsaw puzzle now in place: RBI Governor Urjit Patel

It bodes us well that this step (bank recapitalisation) has been taken in a time of sound macroeconomic conditions for the economy on other fronts, said Urjit Patel.

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Govt’s recapitalisation plan for PSU banks a ‘monumental step’: RBI Governor Urjit Patel

Urjit Patel welcomed the government’s decision and said that a well-capitalised banking system is a pre-requisite for stable economic growth.

Inflation rises to 15-month high

RBI monetary policy statement today: Assessing the extent of the slowdown

Growth in gross domestic product unexpectedly slowed in the April-June quarter and economists have cut estimates for the year through March to 6.8 per cent from 7.3 per cent, the slowest pace in four years.

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RBI begins two-day policy review: Industries, government hope for rate cut

According to a SBI report, the RBI is likely to maintain status quo on key lending rate in Wednesday’s policy review as it is “stuck in a conundrum” of low growth, mild inflation and global uncertainties.

RBI chief Urjit Patel calls on Finance Minister Arun Jaitley before policy review

With the GDP growth falling to a three-year low of 5.7 per cent in the first quarter of the fiscal and retail inflation remaining in the target range, there have been demands of further lowering of the key lending or repo rate.

‘RBI Governor must resign over troubles due to note ban’

On the latest justifications being given by the RBI, Franco asked “what was that economics he (Governor Patel) learnt to roll out a financial policy like Demonetisation troubling the entire population?”

Rising farm loan waivers to hurt overall economy: Urjit Patel

“Beginning with Tamil Nadu in 2016, domino effects have spread in 2017 to several states and the total cost of loan waivers amounts to around Rs 1,30,000 crore,” RBI Governor Urjit Patel said.

Bad loans at 9.6% not acceptable, need to raise funds: RBI Governor Urjit Patel

The government would dilute its stakes in the state-run banks to raise extra capital, suggested Urjit Patel.